Judgment Lien Form Michigan In Collin

State:
Multi-State
County:
Collin
Control #:
US-0025LTR
Format:
Word; 
Rich Text
Instant download

Description

The Judgment Lien Form Michigan in Collin is a legal document used to establish a lien against real property following the entry of a judgment. This form is essential for lienholders aiming to secure their financial interests in cases where a debtor owns real property in Collin County. It provides clear instructions on how to fill out the necessary information, including details about the judgment debtor and the properties involved. Legal professionals, such as attorneys, paralegals, and legal assistants, will find this form particularly useful in preparing for monetary recovery through property liens. The document ensures that all pertinent information is recorded accurately, reinforcing the legal standing of the lien. Users are advised to clearly state the counties where the debtor holds property to broaden the scope of lien enforcement. Additionally, the enclosed letter format allows for clear communication with all parties involved. Overall, this form is a critical tool for anyone in the legal profession engaged in debt recovery and property claims.

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FAQ

Judgment liens may simply be filed and recorded by an attorney. There is no personal confrontation with the defendant and no personal property is seized. Service of the judgment lien on the judgment debtor is by certified mail if the judgment is less than $25,000.

Collect Before the Judgment Expires A judgment from a Small Claims case expires six years after it is issued. Most other judgments in Michigan expire 10 years after they are issued. You can renew a judgment before it expires by filing a motion to renew a judgment.

Judgments have expiration dates. If they are not timely renewed, they expire. In CA that is 10 years. However, when a judgment lien has been recorded against your property, it has no expiration date.

(1) Unless subsection (2) or (3) applies, a judgment lien expires 5 years after the date it is recorded. (2) Unless subsection (3) applies, if a judgment lien is rerecorded under subsection (4), the judgment lien expires 5 years after the date it is rerecorded.

2809. (1) Unless subsection (2) or (3) applies, a judgment lien expires 5 years after the date it is recorded. (2) Unless subsection (3) applies, if a judgment lien is rerecorded under subsection (4), the judgment lien expires 5 years after the date it is rerecorded.

Record the Claim of Lien in the County Register of Deeds where the Owner's property is located, within 90 calendar days after last labor or material. Serve a copy of the recorded Claim of Lien on the Owner's Designee within 15 days from date of recording by certified mail or personal delivery.

Verify the Lien: Ensure the lien is valid and check for any errors that could invalidate it. Satisfy the Judgment: Paying the debt in full is the most straightforward way to remove the lien. Obtain a satisfaction of judgment from the creditor and file it with the court.

First, if no lawsuit is filed within a year, the homeowner can obtain a certificate from the circuit court clerk confirming that no lawsuit has been filed and the lien is removed by recording the clerk certificate with the register of deeds. The second way is through a bonding-off process.

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Judgment Lien Form Michigan In Collin